TheStreet upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a d+ rating to a c- rating in a report issued on Wednesday, TheStreetRatingsTable reports.

A number of other brokerages have also recently commented on PLYA. BidaskClub upgraded shares of Playa Hotels & Resorts from a sell rating to a hold rating in a research note on Monday, May 13th. Deutsche Bank restated a buy rating and set a $14.00 price target on shares of Playa Hotels & Resorts in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $12.00.

Shares of PLYA stock opened at $8.77 on Wednesday. The company has a market cap of $1.14 billion, a P/E ratio of 27.41 and a beta of 0.62. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52. Playa Hotels & Resorts has a 12 month low of $5.98 and a 12 month high of $11.48.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.18. The company had revenue of $195.80 million for the quarter, compared to analysts’ expectations of $182.60 million. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. Playa Hotels & Resorts’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. As a group, research analysts forecast that Playa Hotels & Resorts will post 0.21 EPS for the current year.

In related news, insider Brandon B. Buhler sold 7,475 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $8.20, for a total transaction of $61,295.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.67% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Commonwealth Bank of Australia increased its holdings in Playa Hotels & Resorts by 4.0% during the 4th quarter. Commonwealth Bank of Australia now owns 2,338,693 shares of the company’s stock worth $16,813,000 after acquiring an additional 89,018 shares during the period. Northwood Liquid Management LP bought a new stake in Playa Hotels & Resorts during the 4th quarter worth approximately $11,182,000. Vanguard Group Inc. increased its holdings in Playa Hotels & Resorts by 19.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,010,987 shares of the company’s stock worth $9,737,000 after acquiring an additional 162,539 shares during the period. BlackRock Inc. increased its holdings in Playa Hotels & Resorts by 233.9% during the 3rd quarter. BlackRock Inc. now owns 1,121,235 shares of the company’s stock worth $10,798,000 after acquiring an additional 785,471 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Playa Hotels & Resorts by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,201,981 shares of the company’s stock worth $11,575,000 after acquiring an additional 73,061 shares during the period. 68.33% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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